Cryptocurrency Analysis and News Portal
Blockchain technology in Thailand could soon receive a boost under new Prime Minister Srettha Thavisin, who had promised during his campaign to give 10,000 baht (US$300) through digital wallets to every Thai citizen aged 16 years and above.See related article: Thailand mandates warnings on crypto adsFast factsSrettha, a former businessman,
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent
Read More
A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes. Source
Read More
Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.On Aug. 21, the Ministry of Digital Economy and Society (MDES) stated over 200,000 people had been duped by Facebook ads that touted crypto
Read More
Last week saw more rules and regulations emerge regarding digital assets. Thailand’s Securities and Exchange Commission issued new rules requiring digital asset service providers to warn customers of risks associated with cryptocurrency trading. The warning message must be clearly visible, and before customers can use the service, the business operator
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of Thailand has announced its commencement of a pilot project, set to launch this month, for testing a retail central bank digital currency (CBDC) within a regulatory sandbox. With a goal to involve up to
Read More
The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.Bank of Ayudhya (Krungsri), Siam Commercial Bank and
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world’s largest crypto exchange Binance has acquired the first license to expand its business to Southeast East through a joint venture with Gulf Energy that starts in Q4 2023. Binance in Bangkok The digital asset market in
Read More
The launch of the crypto exchange in Thailand comes at an opportune time, as the country continues to embrace digital innovation and blockchain technology. The world’s largest crypto exchange Binance has teamed up with Gulf Innova Co Ltd, a major technology firm in the Gulf area, to launch a new crypto
Read More
“By harnessing Binance's expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users, Binance Head of Asia, Europe, and MENA Richard Teng said in a statement. Gulf Energy is one of Thailand’s largest
Read More